-
Business · Leadership News ·Private Firms Demand Tax Clarity To Curb Highway Extortion Nationwide
Nigerian private firms are seeking clearer tax regulations to eliminate widespread highway extortion across the country. The demand aims to simplify payment processes and protect businesses from illegal levies encountered during the transportation of goods, which currently complicates logistics and increases operational costs for various stakeholders within the national economy.
-
Business · Channels TV ·NNPC Announces ‘Successful’ River Niger Crossing On OB3 Gas Pipeline
The Nigerian National Petroleum Company Limited has completed the technical crossing of the River Niger for the Obiafu-Obrikom-Oben gas pipeline project. This development marks a significant milestone in the completion of the infrastructure, which aims to enhance gas supply and distribution across various industrial sectors within the country.
-
Business · Nairametrics ·
EV market set for price war after FG removes 5% import duty
The Nigerian Federal Government has eliminated the five percent import duty on electric vehicles. This policy change is anticipated to drive competition among manufacturers and dealers, potentially leading to a price war as the cost of importing electric vehicles into the country decreases significantly.
-
Business · Daily Post ·Arabinrin Aderonke: Zacch Adedeji sets clear vision for smarter revenue, strong institutions in Nigeria
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service, has outlined a strategic vision aimed at enhancing Nigeria's revenue collection through smarter processes. This approach prioritizes the establishment of robust institutions and innovative frameworks to optimize the nation's financial resources and ensure long-term economic stability within the current administration.
-
Business · Nairametrics ·
Tax: NRS launches Rev360, rollout to be implemented in phases
The Nasarawa State Internal Revenue Service has launched Rev360, a digital platform designed to streamline tax administration and revenue collection. The implementation of this new system will occur in distinct phases to ensure a structured transition and improve the efficiency of fiscal management within the state.
-
Business · Leadership News ·
Take Complaints To State Regulators, NERC Directs Electricity Consumers
The Nigerian Electricity Regulatory Commission has instructed power consumers to direct their grievances to state electricity regulatory agencies in jurisdictions where regulatory authority has been transferred. This directive aligns with the ongoing decentralization of the power sector, allowing states to manage oversight and resolve disputes within their specific territories.
-
Business · ThisDay ·
Alleged Land Grabbing: Developers Seek Probe of FHA Boss
Property developers are calling for an investigation into the leadership of the Federal Housing Authority over allegations involving land grabbing. The request for a probe follows disputes regarding land management practices and property rights under the administration of the government-run housing agency.
-
Business · BusinessDay ·CITN partners Corvendra to drive AI-powered tax compliance nationwide
The Chartered Institute of Taxation of Nigeria has partnered with Corvendra to implement artificial intelligence solutions for tax compliance nationwide. This collaboration seeks to utilize technology to automate tax processes and enhance the efficiency of the country's revenue collection system for various stakeholders and government authorities.
-
Business · BusinessDay ·Adejumobi urges African professionals to choose ownership over employability
Adejumobi has advised African professionals to prioritize ownership and entrepreneurship over traditional employability. This recommendation encourages professionals to build and control their own enterprises to ensure long-term economic independence and contribute more effectively to the continent's broader business development and financial growth.
-
Business · BusinessDay ·Poor turnout slows pension verification, FG directs MDAs to comply
The Nigerian Federal Government has ordered Ministries, Departments, and Agencies to ensure compliance with the ongoing pension verification exercise due to low turnout. This lack of participation has slowed the process, leading authorities to mandate that relevant government bodies facilitate the exercise to ensure all eligible personnel are successfully verified.
-
Business · Daily Post ·BREAKING: NNPCL increases fuel price
The Nigerian National Petroleum Company Limited has announced an upward adjustment in the pump price of premium motor spirit across its retail outlets. This development follows recent shifts in market dynamics and is expected to impact transportation costs and the broader economic landscape throughout the country.
-
Business · Nairametrics ·
Nigeria’s palm oil import costs surge as Indonesia supply concerns mount
Nigeria is experiencing a significant increase in the cost of palm oil imports due to growing supply uncertainties from Indonesia. As a major global supplier, Indonesia's export challenges are impacting domestic pricing and procurement strategies for Nigerian businesses reliant on the commodity for industrial and food production.
-
Business · Leadership News ·
Kebbi Electricity Panel Promises Justice, Transparency In Operations
The Kebbi Electricity Panel has pledged to uphold justice and transparency throughout its operations. The committee aims to address issues within the state's power sector while ensuring fair treatment and accountability in its administrative processes. This commitment is intended to improve service delivery and build public confidence in the regional electricity management framework.
-
Business · Nairametrics ·
Dangote Cement’s Q1 profit hits N421.1 billion on over N1 trillion sales
Dangote Cement reported a first-quarter profit of N421.1 billion, supported by sales figures exceeding N1 trillion. The financial results highlight a significant performance milestone for the company within the period, reflecting strong revenue generation across its operations in the construction materials sector.
-
Business · Nairametrics ·
Meet Company Secretaries of the top 10 largest NGX companies by market CAP
Profiles have been released for the company secretaries of the ten largest firms listed on the Nigerian Exchange by market capitalization. These individuals manage corporate governance and regulatory compliance for Nigeria's most valuable public companies, playing critical roles in the administrative and legal frameworks of their respective organizations.
-
Business · Vanguard ·Iran defies Trump’s blockade as oil prices soar
Iran has continued its oil exports in defiance of the blockade imposed by the Trump administration. This development comes as global oil prices experience a significant increase, reflecting the impact of geopolitical tensions on the international energy market and trade relations between the two nations.
-
Business · Leadership News ·
Cooking Gas Prices Up 12.60% In March – NBS
The National Bureau of Statistics reported a 12.60 percent increase in the price of cooking gas during the month of March. This rise in cost highlights the ongoing inflationary pressures on essential household energy supplies across Nigeria, as documented in the latest official data release.
-
Business · Leadership News ·
Foreign Currency Tax Revenues Jump By 27% To N6.33trn
Nigeria's foreign currency tax revenues have increased by 27 percent, reaching a total of N6.33 trillion. This growth reflects a significant rise in tax collections denominated in foreign denominations compared to previous periods, contributing to the country's overall fiscal revenue performance within the reporting timeframe.
-
Business · BusinessDay ·Champion Breweries sees 69% topline growth as Bullet acquisition marks new growth phase
Champion Breweries reported a 69 percent increase in revenue following its acquisition by Bullet. The beverage company indicated that the change in ownership marks the beginning of a new growth phase, focusing on expanding its market presence and operational scale within the Nigerian manufacturing sector.
-
Business · ThisDay ·
Egbin Power Confirms Death of Contract Staff on Maintenance Operation
Egbin Power Plc has confirmed the death of a contract staff member during a maintenance operation at its facility. The fatal incident occurred while the individual was engaged in technical duties at the power plant. The company is addressing the situation following the industrial accident involving the worker during routine service work.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.